EMPIRE LIFESTYLE

Ola "Mr Tux" Abitogun is the Creator of myEmpirePRO. We talk about real estate, wholesaling houses, entrepreneurship, building empires and more.
He is a computer engineering and engineering management graduate from New Jersey Institute of Technology; class of 2004/5. He was born in Dallas Texas and raised in Nigeria.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly he is husband and father to their 2 Boys.
Ola is personally responsible for $3+ Million in revenue within his first 24 months and continues to shatter through caps since. He has also been personally involved in helping 1,000+ entrepreneurs around the world.
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http://myEmpirePRO.com

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

In addition to "How does House Flipping Work", I will also share where I think you should focus because on an UNTAPPED opportunity in the house flipping business.

How does House Flipping Work Highlights

3 Types of House Flipping Professionals

1. Wholesalers 2. Rehabbers 3. Agent/Realtors

Real Estate Wholesaler

1. Find and identify a motivated seller 2. Lock the property into an assignable contract 3. Find and identify a qualified end buyer that can purchase and close in shortest amount of time 4. Assign your contract for an assignment fee.

Real Estate Rehabber

1. Find and identify a motivated seller 2. Lock the property into an assignable contract 3. Identify the best funding to purchase and close in shortest amount of time and for rehabbing the property. 4. List property back on the market with a real estate agent.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

In 16 minutes and 31 seconds, I share with you, not just what to know about house flipping, but also what you should be focused on to maximize your chances of closing a lucrative first and next deal.

There are 2 main entities that drives a real estate transaction but we are going to add YOU to facilitate the process in exchange for lucrative fees over and over again.

SELLERS

This is the source of the product; the sellers.

In the house flipping business, you are looking for a property that can make use of added value in particular.

The majority of the sellers on the market would fix it up and list on the public MLS for the market at large.

These types of property are not ideal for house flipping on an average.

Most wholesalers have been trained now to burn thousand of dollars and hour on finding and identifying these distressed homes and home owners.

BUYERS

Money comes from people; buyers to be specific.

There are virtually nobody in the house flipping focused on finding, building and nurturing buyers for the industry.

How sweet would it be if you have the skills to build a massive list of qualified buyers who have grown to love you as a brand and buy quality and performing properties that you recommend; either found by you or someone you are joint venturing with.

YOU

In general, you will be getting paid in the house flipping game as a rehabber who fixes and flip or as a real estate wholesaler who links discounted properties with investors.

In the episode, I share with you why and how to focus on only building a list of buyers using digital age marketing and closing more deals.

It's the most cost effective for YOU to get involved in the house flipping business.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Wanna leant how to get into house flipping? Let me share with you the 4 fastest way to NOT just get in but hit the ground running house flipping and closing $10K - $20K deals monthly.

1. Investing in Yourself

There is one 'M' before the next 2 'M's. It's mindset. You have to invest time and possibly money into on-going and perpetual personal self development to win in the house flipping game.

2. Invest in Mentorship

Do you notice that I said "invest in mentorship" and not "find a mentor". The mistake that most people make when seeking a mentor is approaching a prospective mentor without a plan to add value.

As usual, you can invest time and possibly money into your mentors life. It can be as simple as finding a missing piece in their business and filling it.

So, that means it may take you having to observe their business closely, watching their videos, reading every article they release and if possible buying everything they have to offer the marketer. That will sure catch the right mentors attention.

3. Invest in Marketing

Money comes from people. Therefore if you don't invest time and money in marketing mastery, it's additional value that you could be bringing to the market place.

For me, it's the easiest way for me to enter and dominate a market. I am a never ending student of marketing and marketing addict.

4. Invest in List Building

Marketing can be very costly. Therefore every dollar you spend into marketing must be designed to go as far as possible.

The only way to do that is to market with one and one objective only; list building and to build your tribe. Once you build a tribe and a loyal subscribers list, you can then market new opportunities to them for free.

Your following and the relationship with them is the #1 true asset that you own in the business.

In house flipping, I share with you how to have instant access to a list of sellers. But you also need to build a list of potential buyers. I talk more about this in the video.

All of these is designed to do one thing the most efficient and most effective way; ADD VALUE.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

In this episode, I break down flipping houses for dummies. No one is a dummy but if there was, they'd understand flipping houses because it is explained at a 5th grader level.

Imagine a guy called 'A' who wants to buy a house at 70-75% of its after repair value (ARV) minus the cot of repair so he can repair the house, list it on the market and sell at 100% value for 25% profit.

That's one side to flipping houses.

Now imagine another person and let's call him 'B'.

He owns a property that he needs to get rid of; a motivated seller.

He doesn't need to sell it because then, he would have time to sell at top dollars.

The property has become a liability for person 'B' and he/she needs to offload it off their books.

They don't care about walking with any money but would like all liens satisfied during transfer of the deed.

Here is a couple of reasons why a motivated seller exists:

* Preforeclosure

* Divorce

* Probate/Unwanted Inheritance

* Move out-of state.

* Out of state landlord

* Vacant home

* and many more...

In the flipping house business, you could either be the rehabber or the person to find and identify good deals to wholesale to the rehabber.

It's a very lucrative business model. I was the wholesaler and have done it more than 40 times and I did rehab houses twice.

I averaged a net profit of $25,000 - $30,000 per deal and the highest I have made from a wholesale deal is $82,000

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

So what is real estate wholesaling? It is a business model or strategy that allows a person to make lucrative profits by simply finding motivated sellers and discounted properties for real estate investors

Using real estate wholesaling, anyone can engage in real estate investing without needing his/her own cash or credit.

During this live session, I am going to go live and do live prospecting as the gateway to real estate wholesaling for massive profits.

Real Estate wholesaling basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to real estate wholesaling is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

So finally... what is real estate flipping. May be you've come across this phrase somewhere and they have been talking about making thousands of dollars, but you can't make sense out of it... WATCH THIS VIDEO.

In addition, you are hanging out with me as I am going live and doing live prospecting as the gateway to real estate flipping for massive profits.

Real Estate flipping basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to real estate flipping is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

So what is house flipping? In this live cold calling session, I took my time in explaining what house flipping and how it can be ver lucrative for you.

I also received an email question with regards to combining house flipping and affiliate marketing.

House flipping basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to house flipping is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

In addition to flipping houses, we talk about exit strategies in this edition.

I shared my top 4 and the other 3 that I have to do sometimes.

All 7 of these exist strategies for my house flipping business results in money in some form.

I also use 2 live examples to explain the important of a mentors guide in this business in spite of the simplicity.

The operation of an emergency room is a great analogy to how we triage leads and give them dispositions throughout the pre-qualification process.

Flipping houses basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee...

...as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to flipping houses is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

On this series, I am going to go live and do live prospecting as the gateway to flipping real estate for massive profits.

Flipping real estate basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to flipping real estate is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

On this series, I am going to go live and do live prospecting as the gateway to flipping homes for massive profits.

First of all, let's cover some of the things covered in the video as we prospect on on to the next level.

Cold Calling vs Direct Mailing

The former is more of an aggressive and active marketing while the latter is a passive marketing strategy.

With cold calling, you reach out to publicly published list of prospects experiencing problems that your services can solve.

Preforeclosures is a great example of that and you can see in the video how we reach out to these folks to help unload these properties.

The other option is to invest money as opposed to time in sending them direct mailing asking them to reach out.

That’s passive marketing and it works as well provided there is no ultimatum on your marketing budget.

Consistency is key in hock ever marketing strategy you choose.

Doing it Vs Getting it Done

This has to do with the activities in your business and the 2 choices you have in engaging it.

You can choose to be doing them all by yourself or you can focus on getting it done.

It all depends on how much resources you have available in time and money.

If you have more money than time, then it’s best to leverage automation and team building to get things done.

Then your responsibility would be in monitoring results.

There is one thing I want you to watch out for when it comes to outsourcing these activities and hiring virtual assistants.

Don’t do it prematurely as that can be dangerous for the health of your business overall.

100% of Nothing Vs 30% of Something

This is simply emphasizing the importance of team building in your business.

However, don’t try to build teams a solution to laziness. Instead, use team bustling as a leverage to creating larger and better results.

Knowledge Vs Execution

Execution wins this all day simply because you also learn and gain more knowledge as you execute in your business.

There are way too many people who know too much and execute almost never on what they know.

Flipping homes basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to flipping homes is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

In the 2nd of this type of series ever, I decided that I would do this until further notice.

As you already know, exposure is everything.

It’s an opportunity for me to kill 2 birds with ONE stone. No worries, I will not be doing that in real life.

The point is that I am able to create amazing content while you simultaneously watch me prospect for my business.

It’s productivity at its best.

If you’ve followed me for a while, you’d know that I follow I.L.D.T. This is another great opportunity to do that.

So here is what we covered in this episode primarily around the prospecting as if we are wholesaling real estate from scratch.

Creating Touches & Encounters

The more touches will create, the higher your chances of closing your first or your next wholesaling real estate deal.

That’s why I believe prospecting is one of the fast way for your to build from scratch. That’s true even if you had to outsource it.

The phone is still a great place to catch attention of your ideal prospects.

Here are 4 types of touches and encounters that will increase business net worth over time.

1. Conversations

2. Voicemails

3. Caller IDs

4. Returned calls

In the last minutes of this episode, I started discussing resource management as related to wholesaling real estate.

I started with “Time Vs Money”….

Continue to follow the series by subscribing to the channels and our newsletter.

I promise that this will be the best opportunity for you to learn how it goes down from a hustle and input standpoint.

On this series, I am going to go live and do live prospecting as the gateway to wholesaling real estate.

Wholesaling real estate is basically putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to wholesaling real estate is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

On this series, I am going to go live and do live prospecting as the gateway to wholesaling houses.

Wholesaling houses is basically putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.

The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.

It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.

Why would anyone want to sell you this properties at 65% and lower?

1. The property is distressed

2. The property ownership is distressed

3. All of the above and motivation to get rid of the property.

However the first step to wholesaling houses is to find this deals. This is one of the most effective and cost effective strategy.

Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

I saw a comment on one of Dave Ramsey Show where a guy quoted him to be advising folks to make sure they have $100,000 in disposable cash in order to get into flipping houses and to be ready to lose all of it.

This is not true. It's another half truth half lie.

A lot of regular people who have become very successful in the flipping houses were attracted at a very low financial stand point.

In fact, lots of people make a lot of money, go broke and build another business successfully from flipping houses.

In this context, cash is not king.

Your ability to bring problem solving value to the market is king.

Flipping houses is fundamentally about buying low and selling high.

But due to the fact that real estate are purchased with time lapsing negotiations, it leaves room for opportunity to secure good deals without tying cash down and flipping the equitable in the subject property to investors while making money within the spread.

NO CASH is needed for that process.

What you need is a desire to solve problems and a desire to build a strong business around problem solving.

The good news about all that is that there is zero risk involved in flipping houses as a wholesaler.

The main skill you should focus on is marketing.

You need to learn how to use marketing to attract motivated sellers. You also need to learn how to attract end buyers into a private subscriber base free membership.

With the even playground field available today on the internet, you can build a community that wants good deals and you can build a system that attracts motivated sellers into your funnel.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.